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745 Solano Ave
Sonoma, CA 95476
Direct (707) 939-9450 Fax (707) 939-8476

“CREATIVE PEOPLE WITH CREATIVE SOLUTIONS”

CORRESPONDENT DOCUMENTATION CHECKLIST

TO EXPEDITE THE PROCESSING OF YOUR CUSTOMERS NOTE SALE WE WILL NEED THE FOLLOWING:
(to avoid delay please provide legible copies)

1. A copy of the closing statement when property was sold, showing disbursement of funds
(HUD settlement statement, etc.).
 
2. Copies of the actual note & mortgage security instruments - Recorded Copies, if available.
 
3. Note sellers Loan amortization schedule, if available.
 
4. A copy of borrowers hazard (fire) insurance policy, naming the note holder as a loss payee or mortgagee.
 
5. A copy of a commitment for a Lenders title insurance policy, or the actual Lenders title policy issued at the time of closing on the sale of the property
 
6. If this is a contract for deed or agreement for deed type of security instrument, we would like to have a copy of the actual warranty deeds, if available.
 
7. Copy of buyers/sellers sales contract, if available. (Prefer on commercial deals)
 
8. Photographs, sales brochure, property brief, previous survey or anything that is available describing the property (if available - location map, previous appraisal, property income
and expense, information). NOTE: We Must have color on all commercial property types.
 
9. Financial and Personal information about the Mortgagor(s), such as their name(s), address(es), social security number(s) and phone number(s), if available.
 
10. Employment information on payors, if available. (Employers name, address, phone #)
 
11. A running record of the payment history in connection with the purchase money security instrument.
If available: a payment ledger, or payor canceled checks, or note seller bank deposit slips, or actual bank statements. Even postmarked envelopes are O.K.
 
12. If the instrument is serviced though a third party collection agent, please provide their name, address, account number, and phone number.
 
13. If a correspondent, a copy of your signed purchase agreement or option agreement with the note seller.

In addition to the foregoing, if the purchase money mortgage is a junior (2nd, 3rd) mortgage, the following items should also be in the package:

1. Name and address of any holders of senior mortgages.
 
2. Account number or any identification that is used to retrieve information when needed.
 
3. Detailed information about the amount, method of payment, interest rate, and escrow provisions in regard to the senior mortgages (an exact copy of the mortgage and note if available).

 

• REMEMBER THIS IS A TEAM EFFORT •
THE SOONER WE HAVE ALL THE DOCUMENTATION TOGETHER,
THE SOONER WE CAN CONCLUDE THE TRANSACTION.

SUNVEST is: “The Perfect Investor for the Less Than Perfect Note”

WE CLOSE WHAT OTHERS PROMISED . . .